Europe LED Lighting Market Size

The Europe LED Lighting Market is projected to experience significant growth, with its market size expanding over the forecast period. The industrial and warehouse sectors currently hold a major share in terms of value, while the residential sector leads in volume. Development activities, particularly in warehouse and industrial spaces, are prominent in countries like Poland and the Czech Republic, contributing to the market's expansion. Additionally, the modernization of infrastructure, such as stadiums and streetlights, is driving demand for LED lighting. France and Germany are key players, with France holding a substantial value share and Germany leading in volume. These trends indicate a robust increase in the market size of LED lighting across Europe.

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Market Size of europe led lighting Industry

Europe LED Lighting Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 11.07 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 15.40 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Indoor Lighting Industrial and Warehouse
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 5.65 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country France

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe LED Lighting Market Analysis

The Europe LED Lighting Market size is estimated at 11.07 billion USD in 2024, and is expected to reach 15.40 billion USD by 2030, growing at a CAGR of 5.65% during the forecast period (2024-2030).

11.07 Billion

Market Size in 2024 (USD)

15.40 Billion

Market Size in 2030 (USD)

1.38 %

CAGR (2017-2023)

5.65 %

CAGR (2024-2030)

Largest Segment by Automotive Vehicle Lighting

83.14 %

value share, Passenger Cars, 2023

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The total EU registrations increased by around 29% from March 2022 to March 2023, indicating demand of LED lights.

Largest Segment by Indoor Lighting

62.64 %

value share, Industrial and Warehouse, 2023

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France formed a majority of the share in terms of industrial and warehouse segments in 2023. French industrial production increased by 1.1% over one month in December 2022.

Largest Segment by Outdoor Lighting

71.04 %

value share, Public Places, 2023

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Increasing use of LED lighting in amusement parks and investment of LED lights in parking is expected to boost the growth of the LED lighting market in Europe.

Largest Segment by Country

17.62 %

value share, France, 2023

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German industrial companies make a significant contribution to the country's prosperity with around 60% of total R&D expenditure.

Leading Market Player

14.21 %

market share, Signify (Philips), 2022

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Signify Philips holds the largest market share individually. The company moving toward the shift from conventional fluorescent lighting to environment-friendly LED.

Increasing development in the industrial and residential sectors drives market growth

  • In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
  • In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
  • In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
Europe LED Lighting Market

Increasing warehouse and stadium construction along with government funds in their countries drives the market

  • The Rest of Europe comprised the majority of the market share in 2023. Development activities across the European Union continued at a par level, with more than 20 million sq m of modern warehouse and industrial space entering the market in 2022. Poland leads in the construction segment with its warehouse construction development. In Europe, Poland was at the top, with nearly 4.4 million sq m of space. The Czech Republic also reported high supply levels with over 1.1 million sq m. By the middle of 2022, almost 4.5 million sq m of warehouse and industrial space was under construction in Poland.
  • Continued development and renovation of stadiums are encouraging the use of LED lighting. For example, Spain's Valencia was the second-largest investor, with EUR 300 million, to build the Nou Mestalla stadium in 2022. The Serbian Football Federation (FSS) invested over EUR 20 million in modernizing several stadiums in the country in 2023 with the support of the Union of European Football Associations (UEFA). These developments reflect the growing demand for LED lighting in the country.
  • France occupied the major value share, and Germany had the highest volume share in 2023. The City of Paris awarded a EUR 704 million contract to subsidiaries of the utility EDF and engineering firm Eiffage to modernize streetlights and energy distribution lines. The German federal government is taking steps to meet its goal of becoming climate-neutral by 2050. The government hopes to achieve this by providing extra funding for newly built houses and apartment buildings and granting up to 20% of the investment. Such initiatives are expected to promote the growth of the LED lighting market.

Europe LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting. France, Germany, United Kingdom are covered as segments by Country.

  • In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
  • In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
  • In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
Outdoor Lighting
Public Places
Streets and Roadways
Others
Automotive Utility Lighting
Daytime Running Lights (DRL)
Directional Signal Lights
Headlights
Reverse Light
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
Country
France
Germany
United Kingdom
Rest of Europe
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Europe LED Lighting Market Size Summary

The Europe LED Lighting Market is poised for significant growth, driven by increasing demand across various sectors such as industrial, commercial, residential, and agricultural lighting. The market is characterized by a diverse range of applications, with industrial and warehouse lighting holding a substantial share in terms of value, while the residential sector leads in volume. The ongoing development and renovation of infrastructure, including warehouses and stadiums, are contributing to the rising adoption of LED lighting solutions. Countries like France, Poland, and Germany are at the forefront of these developments, with substantial investments in modernizing lighting systems and promoting energy efficiency. The market is further bolstered by government initiatives and incentive programs aimed at enhancing LED penetration, which are expected to drive demand in the coming years.

The market landscape is fragmented, with key players such as LEDVANCE GmbH, Marelli Holdings Co. Ltd, OSRAM GmbH, Signify (Philips), and Thorn Lighting Ltd. (Zumtobel Group) leading the charge. These companies are continuously innovating and expanding their product offerings to meet the growing needs of the market. The introduction of advanced lighting solutions, such as OSRAM's Osconiq E 2835 CRI 90 and HELLA's multifunctional rear lamp, highlights the industry's focus on efficiency and quality. As Europe continues to prioritize sustainability and energy efficiency, the LED lighting market is expected to experience robust growth, supported by favorable economic conditions and high disposable incomes in many regions.

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Europe LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

    2. 1.2 Outdoor Lighting

      1. 1.2.1 Public Places

      2. 1.2.2 Streets and Roadways

      3. 1.2.3 Others

    3. 1.3 Automotive Utility Lighting

      1. 1.3.1 Daytime Running Lights (DRL)

      2. 1.3.2 Directional Signal Lights

      3. 1.3.3 Headlights

      4. 1.3.4 Reverse Light

      5. 1.3.5 Stop Light

      6. 1.3.6 Tail Light

      7. 1.3.7 Others

    4. 1.4 Automotive Vehicle Lighting

      1. 1.4.1 2 Wheelers

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 Passenger Cars

    5. 1.5 Country

      1. 1.5.1 France

      2. 1.5.2 Germany

      3. 1.5.3 United Kingdom

      4. 1.5.4 Rest of Europe

Europe LED Lighting Market Size FAQs

The Europe LED Lighting Market size is expected to reach USD 11.07 billion in 2024 and grow at a CAGR of 5.65% to reach USD 15.40 billion by 2030.

In 2024, the Europe LED Lighting Market size is expected to reach USD 11.07 billion.

Europe LED Lighting Market Report Snapshots